4527712 Canada Inc.

December 02, 2009 18:24 ET

4527712 Canada Inc. Enters Into Voting Trust and Right of First Refusal Agreement in Respect of Common Shares of Paladin Labs Inc.

MONTREAL, QUEBEC--(Marketwire - Dec. 2, 2009) - 4527712 CANADA INC. ("4527712"), an investment company wholly-owned by Morris Goodman, announced today that it has entered into a voting trust and right of first refusal agreement (the "Agreement") with 3487911 Canada Inc., 3487920 Canada Inc., 3487938 Canada Inc. (each a holding company controlled by members of the Goodman family), Joddes Limited, Deborah Goodman, Morris Goodman and Rosalind Goodman whereby it acquired direction and control over 6,975,187 common shares of Paladin Labs Inc. ("Paladin") (TSX:PLB). 4527712 now exercises direction and control, in the aggregate, over 6,975,187 common shares of Paladin, representing approximately 38% of the outstanding common shares of Paladin, a publicly traded Canadian company. The Agreement was entered into for estate planning purposes.

4527712 Canada Inc. is a privately owned investment holding company.

Contact Information

  • 4527712 Canada Inc.
    Samuel Altman
    President
    514-340-9800